Beware of Scammers: SBI warns Customers not to click suspicious links; Stay away from Instant Loan apps

The State Bank of India (SBI) recently tweeted and warned customers about instant loan apps and suggested measures to safeguard against it.

In a tweet SBI wrote, “Please refrain from clicking on suspicious links or giving your information to a company posing as a Bank or Financial Company. Report cybercrimes!”

Please refrain from clicking on suspicious links or giving your information to a company posing as a Bank or Financial Company.

Report cybercrimes at – https://t.co/UPv14vfdd3#SBI #AmritMahotsav #NationWideAwarenessCampaign2022 #StayVigilant #CyberSafety@RBI pic.twitter.com/GTjpCeXyAy

— State Bank of India (@TheOfficialSBI) November 22, 2022

The SBI shared some safety advice, advising that it is always preferable to confirm the legitimacy of an app before downloading.

Numerous unlawful apps have the potential to capture users and steal money from their accounts. The SBI advised customers not to click on dubious links and to exercise caution to avoid downloading unauthorised software.

The bank additionally advised that you should check the app permission settings to protect your data from theft and that, in the event of theft, such matters should be reported to the local police authorities.

The Reserve Bank of India (RBI) and the government have both received numerous complaints about instant loan apps, particularly those coming from China.

Increased instances of cybercrime and extortion of helpless borrowers are results of their widespread use.